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Movado Group, Inc. announces Q2 results; Gold prices expected to gain from North Korean test; CHANEL opens Watch and Fine Jewelry boutique in Mall of the Emirates, Dubai
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Market News
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Movado Group, Inc. announces Q2 results.
Movado Group, Inc. has announced second quarter and six month results for the period ended July 31, 2017. The net sales increased 0.5% to $128.8 million, or 1.2% on a constant dollar basis. The operating income of $8.3 million; adjusted operating income of $12.9 million versus $10.1 million in the prior year period. Diluted EPS of $0.24; adjusted diluted EPS of $0.43 compared to $0.27 in prior year period. |
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Gold prices expected to gain from North Korean test.
Gold prices are expected to tick higher, analysts said, spurred by the latest North Korean missile test on Sunday, which is likely to send investors seeking safe havens.
North Korea early on Sunday conducted its sixth and most powerful nuclear test, using an advanced hydrogen bomb. The detonation is the latest escalation of tensions between North Korea and other countries including the US and its Asian allies, after Pyongyang sent a missile over Japan last week.
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Company News
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CHANEL opens Watch and Fine Jewelry boutique in Mall of the Emirates, Dubai.
CHANEL opened its second Watch and Fine Jewellery boutique in Mall of the Emirates new luxury wing. As with all CHANEL boutique, the interior of the new Mall of the Emirates boutique has been completely re-imagined by New York architect Peter Marino. |
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Alec Monopoly exhibits for TAG HEUER.
Alec Monopoly, TAG Heuer’s Art Provocateur held an exclusive exhibition featuring in front of the TAG Heuer boutique at Beirut Souks in Beirut, Lebanon.
Alec is known for his signature hat and covering his face to preserve his anonymity. He started out with his graffiti in New York City and quickly forged a name for himself for his works featuring Mr. Monopoly, the diminutive and debonair banker character he shares a name with.
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Carl F. Bucherer opens its first boutique in Lucerne.
Carl F. Bucherer opens an exclusive boutique, a specialty shop for watches and jewelry in Lucerne. Owner Jörg G. Bucherer, CEO Sascha Moeri and Global Ambassador Li Bingbing stepped forward to cut the ribbon. |
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Product Launch
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Cartier celebrates the 100th Anniversary of Tank Louis Cartier Models.
The Tank watch was born in 1917 of a powerful vision, now it’s celebrating its 100th birthday, the Tank Louis Cartier symbolizes the quintessential Tank spirit. The Louis Cartier watch features brancards with proud, taut lines, softened corners and horns incorporated into the case. Today the model offers two new faces, both powered by the 8971 MC mechanical movement with manual winding: a choice of pink or white gold in a women’s watch with diamond-set brancards or a fine, elegant pink gold model, a chic, incontrovertibly Cartier creation. |
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HAUTLENCE introduces Vortex Gamma.
The Vortex Gamma presents a new and exclusive vibrant case material that can take on any color or shade. The strap is of black Louisiana alligator leather with black rubber with yellow varnish. The HLLightColor in case is yellow and black colour. |
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Akillis launches The Power Bracelet.
The Bang Bang collection by Akillis, are inserted like precious munitions, ready to unleash their charismatic power. It is radical and cuts through classic standards. This ultra-modern piece of jewellery, which is fashioned into cool biker leather and "tted at the wrist. The classic black alligator skin has the suppleness of a second skin and is sumptuously wild. |
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Exhibitions & Events
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The 9th Antwerp Diamond Trade Fair to be held in January 2018.
The 9th Antwerp Diamond Fair welcomes International Exhibitors to attend the 9th International Trade Fair which will start from January 28th to 30th, 2018. |
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TAG Heuer to launch the Heuer Globetrotter exhibition.
TAG Heuer to introduce the Heuer Globetrotter exhibition. For two weeks from the 16th September, ten TAG Heuer boutiques across the world will each exhibit a themed collection featuring vintage Heuer models from the Manufacture museum in La Chaux-de-Fonds, as well as pieces loaned by local collectors. From 16 to 30 September, a total of 400 pieces will be exhibited simultaneously in 10 countries with 10 specific themes. |
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Celebrity News
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Jane Fonda in Pomellato at the 74th Venice Film Festival.
Actress Jane Fonda shines wearing Pomellato jewellery to the Press Conference of the latest film debut, ‘Our Souls at Night’ for the 74th Venice Film Festival, Ms. Fonda wears the Pomellato Tango bracelet and earrings in rose gold with white diamonds paired with the Victoria ring in rose gold. |
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